MUMBAI: Equity indices in India are breaking all the previous benchmarks today as incumbent government is going to continue for another 5 years with comfortable majority under the leadership of Prime Minister Narendra Modi. As the counting of votes of Lower House (Lok Sabha) is in progress, the benchmark BSE Sensex has already breached the 40,000 mark for the first time ever throwing bright prospects for economic development and upbeat mood of investors and business communities all over the world.
Economic reforms are to continue without facing any obstacles thereby creating friendly business environment within the country. India is already marching on to overtake Britain as the world’s fifth largest economy next year. According to IMF (International Monetary Fund), Britain at present, with a GDP of $2.81 trillion, is only $20 billion larger than France and $120 billion bigger than India.
Faster growth in India above 7 percent annually will push Britain down the France at the slot of 7th spot. Prime Minister Narendra Modi has already ensured the investors all over the world about the growing size of Indian economy to be just double the size what it is today to touch USD 5 trillion mark by 2022 with manufacturing and agriculture contributing USD 1 trillion each. This is going to vigorously lead the economy of entire South Region particularly Nepal along with all the friendly nations with whom India has economic relationship.
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